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C.W. Downer & Co. Assists Triarco Industries, Inc. With Sale to Innophos Holdings, Inc.

BOSTON, January 8, 2013 – C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Triarco Industries, Inc. has been acquired by Innophos Holdings, Inc. The deal closed on December 31, 2012 for a total consideration of $45 million in cash, plus $1 million of Innophos common stock.

Based in Wayne, NJ, Triarco is a privately-held supplier of high quality nutritional ingredient solutions and premium extracts produced from all-natural sources. Triarco’s products include innovative nutritional blends, botanical powders and extracts, minerals and other natural ingredients. These products are utilized by leading brands and contract manufacturers in sports nutrition, dietary supplements and fortified beverage applications. Over the past decade Triarco has developed a number of proprietary nutritional solutions, including the Aminogen® and Carbogen® brands, that have gained widespread recognition in the sports nutrition market.

Triarco was established in 1978 by Rodger Rohde, Sr. Over the past 34 years, the Company has grown from a small trading operation into a nationally-recognized supplier of ingredient solutions with sales of approximately $25 million. Two members of the Rohde family—Rodger Rohde Jr., President, and Christopher Rohde, Director of Operations—will remain with the Company and will continue to manage Triarco within the Innophos Group.

“The Rohde family engaged C.W. Downer due to our deep experience in the food ingredients sector and proven divestiture process,” said Joe Downing, Managing Director of C.W. Downer & Co. “We were delighted that we could help the Rohde family achieve a successful transaction and place Triarco with a strategic buyer that will continue to drive long-term growth.”

Innpohos Holdings, Inc. is a leading manufacturer of specialty phosphates used in food, pharmaceutical and industrial applications based in Cranbury, NJ. Innophos produces a range of products for the food industry, including solutions for baking, beverage, dairy and processed food applications. The acquisition of Triarco will allow Innophos to expand its offerings within the high-growth nutritional ingredients industry and will complement Innophos’ recent acquisitions of Kelatron Corporation and AMT Labs, Inc.

According to Mr. Downing, “With its acquisition of Triarco, Innophos has reinforced its position as a strong supplier of health and sports nutrition solutions. Many of Triarco’s innovative products incorporate specialty mineral ingredients produced by Innophos to provide nutritional benefits to consumers. With this transaction, Innophos has taken another step towards achieving its goal of becoming an integrated global leader in this space.”

The C.W. Downer & Co. team assisting Triarco with the acquisition included Mr. Downing (Managing Director & Partner), Gregory Fanikos (Vice President), Taso Skalkos (Associate) and Chris DiPietro (Analyst). C.W. Downer & Co. also advised Kelatron Corporation, a leading manufacturer of technically advanced bioactive mineral nutrients, on its 2011 sale to Innophos.

About C.W. Downer & Co.

C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 38 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover “hidden” acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For Further Information:

Joseph Downing, Managing Director & Partner
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Patti Allan, Marketing Director
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C.W. Downer & Co.
+1 617 482 6200

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